Fulton Financial reported net income available to common shareholders of $99.9 million, or $0.52 per diluted share, for the second quarter ended June 30, 2026 and operating net income available to common shareholders of $115.9 million, or $0.60 per diluted share. For the six months ended June 30, 2026, net income available to common shareholders was $192.1 million, or $1.02 per diluted share, and operating net income was $215.5 million, or $1.15 per diluted share. During the quarter Fulton completed its acquisition of Blue Foundry Bancorp and merged Blue Foundry Bank into Fulton Bank, expanding the company’s footprint and adding approximately $2.1 billion of assets on a preliminary fair value basis.

Financial Highlights

  • Net income available to common shareholders: $99.9 million for Q2 2026; $192.1 million for six months ended June 30, 2026.
  • Net income per diluted share: $0.52 for Q2 2026; $1.02 for the six months ended June 30, 2026.
  • Operating net income available to common shareholders: $115.9 million (Q2 2026), or $0.60 per diluted share; six-month operating net income $215.5 million, or $1.15 per diluted share.
  • Net interest income: $284.3 million in Q2 2026; net interest margin of 3.60% (a two basis point increase vs. prior quarter).
  • Non-interest expense: $231.0 million in Q2 2026; operating non-interest expense $210.6 million (Q2 2026).

Business Highlights

  • Completed acquisition of Blue Foundry Bancorp: transaction closed April 1, 2026; Blue Foundry Bank merged into Fulton Bank on July 11, 2026.
  • Assets acquired from Blue Foundry (preliminary fair values) of approximately $2.1 billion, including loans with preliminary fair value of ~$1.6 billion and investments of $226.5 million.
  • Deposits and loans growth from the transaction: total deposits increased by ~$1.5 billion to $28.3 billion and total net loans increased by ~$1.7 billion to $25.9 billion as of June 30, 2026 (including Blue Foundry acquired balances).
  • Share repurchases under 2026 program: repurchased 525,000 shares in Q2 at a cost of $11.1 million; $35.6 million repurchased under the program as of June 30, 2026.
  • Capital and funding activity: issued $300.0 million aggregate principal of 5.950% fixed-to-floating subordinated notes due 2036 (May 5, 2026) and redeemed $195.0 million of 3.250% subordinated notes due 2030 (redeemed June 15, 2026).

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.